Standard Motor Products, Inc. (NYSE:SMP) SVP Carmine Joseph Broccole sold 1,123 shares of the stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $48.18, for a total transaction of $54,106.14. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Standard Motor Products, Inc. (NYSE:SMP) traded down 1.38% on Tuesday, reaching $47.77. 59,030 shares of the company traded hands. The firm has a 50 day moving average price of $46.30 and a 200 day moving average price of $48.75. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 17.80 and a beta of 1.80. Standard Motor Products, Inc. has a 52-week low of $43.29 and a 52-week high of $55.37.

Standard Motor Products (NYSE:SMP) last announced its quarterly earnings results on Monday, July 31st. The auto parts company reported $0.81 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by ($0.18). The firm had revenue of $312.73 million for the quarter. Standard Motor Products had a net margin of 5.55% and a return on equity of 14.83%. Standard Motor Products’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company posted $0.88 EPS. Equities research analysts predict that Standard Motor Products, Inc. will post $2.87 EPS for the current year.

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Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Standard Motor Products from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Jefferies Group LLC reiterated a “buy” rating and set a $60.00 price objective on shares of Standard Motor Products in a report on Tuesday, September 12th. ValuEngine lowered shares of Standard Motor Products from a “buy” rating to a “hold” rating in a report on Thursday, August 31st. Finally, BidaskClub lowered shares of Standard Motor Products from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Standard Motor Products has a consensus rating of “Hold” and a consensus price target of $54.00.

Institutional investors have recently made changes to their positions in the company. Legal & General Group Plc lifted its holdings in shares of Standard Motor Products by 0.6% during the 1st quarter. Legal & General Group Plc now owns 33,915 shares of the auto parts company’s stock valued at $1,666,000 after buying an additional 215 shares during the last quarter. Mason Street Advisors LLC lifted its holdings in shares of Standard Motor Products by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 4,699 shares of the auto parts company’s stock valued at $231,000 after buying an additional 308 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Standard Motor Products by 3.4% during the 1st quarter. Principal Financial Group Inc. now owns 165,662 shares of the auto parts company’s stock valued at $8,140,000 after buying an additional 5,434 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Standard Motor Products by 65,269.9% during the 1st quarter. BlackRock Inc. now owns 2,483,404 shares of the auto parts company’s stock valued at $122,033,000 after buying an additional 2,479,605 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Standard Motor Products by 66.9% during the 1st quarter. Renaissance Technologies LLC now owns 80,300 shares of the auto parts company’s stock valued at $3,946,000 after buying an additional 32,200 shares during the last quarter. Institutional investors and hedge funds own 78.41% of the company’s stock.

Standard Motor Products Company Profile

Standard Motor Products, Inc is an independent manufacturer and distributor of replacement parts for motor vehicles in the automotive aftermarket industry with a complementary focus on heavy duty, industrial equipment and the original equipment service market. The Company’s segments include Engine Management Segment and Temperature Control Segment.

Insider Buying and Selling by Quarter for Standard Motor Products (NYSE:SMP)

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